SB0696 amends Tennessee's investment regulations for insurance companies, adjusting percentage limits and updating references to NAIC guidelines.

SB0696 modifies Tennessee's investment rules for insurance companies by changing percentage limits and updating references to the National Association of Insurance Commissioners (NAIC) guidelines. Specifically, it replaces "one percent" with "twenty percent" and "five percent" with "ten percent" in relevant sections. The bill also ensures that money market funds adhere to the NAIC Investment Analysis Office's Purposes and Procedures Manual or its successor publication. This act becomes effective immediately upon becoming law.

SB0696 amends Tennessee's investment regulations for insurance companies, adjusting percentage limits and updating references to NAIC guidelines.

SB0696 modifies Tennessee's investment rules for insurance companies by changing percentage limits and updating references to the National Association of Insurance Commissioners (NAIC) guidelines. Specifically, it replaces "one percent" with "twenty percent" and "five percent" with "ten percent" in relevant sections. The bill also ensures that money market funds adhere to the NAIC Investment Analysis Office's Purposes and Procedures Manual or its successor publication. This act becomes effective immediately upon becoming law.